In the latest trading session, Ross Stores (ROST) closed at $251.81, marking a -1.18% move from the previous day. This change lagged the S&P 500's 0.32% loss on the day. At the same time, the Dow lost 0.34%, and the tech-heavy Nasdaq lost 0.6%.

The discount retailer's shares have seen an increase of 16.11% over the last month, surpassing the Retail-Wholesale sector's gain of 6.83% and the S&P 500's gain of 2.46%.

Investors will be eagerly watching for the performance of Ross Stores in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 20, 2026. The company is expected to report EPS of $1.92, up 23.08% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $6.12 billion, up 10.71% from the prior-year quarter.

ROST's full-year Zacks Consensus Estimates are calling for earnings of $7.77 per share and revenue of $25.1 billion. These results would represent year-over-year changes of +17.55% and +10.31%, respectively.

It is also important to note the recent changes to analyst estimates for Ross Stores. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.38% upward. Ross Stores is currently sporting a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Ross Stores has a Forward P/E ratio of 32.81 right now. This represents a premium compared to its industry average Forward P/E of 30.62.

One should further note that ROST currently holds a PEG ratio of 2.85. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ROST's industry had an average PEG ratio of 2.85 as of yesterday's close.

The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 85, positioning it in the top 35% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

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Ross Stores, Inc. (ROST): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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